Today’s Outlook – http://SimplyTrader.Biz/news : Greece Troika Report DueU.S. Dollar Trading (USD) another volatile and risky trading session on Friday with most markets touching new lows intraday. US stocks opened weak but were able to manage a weekend relief rally and helped lift other risk based markets higher. UoM Consumer Sentiment rose to a 5 year high at 84.9 vs. 83 forecast. Looking ahead, Bank Holiday for Veteran’s Day in US. The Euro (EUR) found support under 1.2700 on Friday and closed at the psychological round number. The EUR/USD has been under pressure from weak stocks and mounting fears regarding Greece Bailout delays. On Monday we have the Eurogroup meeting regarding the troika report into Greece’s reforms and this will be reviewed before they decide to release the next tranche of money…

Weekly’s Outlook – http://SimplyTrader.Biz/weeklynews : Eurogroup to Decide Greece FateThe EUR/USD fell throughout the week as the US fiscal cliff crisis dominated the headlines and risk aversion spread throughout the markets. Greece’s fate is expected this week as the Eurogroup meeting is scheduled to discuss the troika’ report on Greece’s commitment to austerity reforms. Obama winning a 2nd term had a brief positive impact for the Euro with a loose Federal Reserve more likely under a Democrat. USD/JPY was under pressure given the large drop in US Treasury Yields after Obama’s victory. Support was found though in the lower Y79 region and with US data picking up the topside could still be in play. A bigger factor could come from the Japanese side with the Government ramping up pressure on the BOJ to further stimulate the economy and out of deflation…